Bitcoin (BTC) mining difficulty has just seen its largest drop in a year, helping miners increase their profitability during this harsh crypto winter.
Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, dropped by 5% today. This brought it down to 27.69 T – the level last seen in mid-March this year.
Notably, the last time difficulty dropped close to this percentage was July 18, 2021, when the difficulty was just 13.67 T. That drop followed a massive fall of nearly 28% two weeks prior, which is still the largest drop in the network’s history.
The latest adjustment marks the third fall in a row, while the last rise was recorded in early June, of 1.29%, when the mining difficulty hit its second-highest level ever, 30.28 T. The all-time high stands at 31.25 T, seen in mid-May.
Hashrate, or the computational power of the network, has dropped since the previous difficulty adjustment two weeks ago. The 7-day moving average hashrate in this period is...
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